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ECON 307-01, Managerial Economics, Spring 2009
Hammock, Michael R.
Hammock, Michael R.
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Syllabus, Curriculum, Economics, Department of, Academic departments, Text, 2009 Spring
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Abstract
You can think of this course as Part Two of Econ 101. You will cover much of the material from Econ 101 again, but in greater detail. The second part of the course covers the basics of game theory. This course assumes a basic knowledge of microeconomics, and it would be best if you were familiar with basic calculus (in particular, derivatives). Although this material will be difficult to apply directly in many managerial situations, it should nonetheless give you an understanding of the basic economics of production and strategic thinking. This is not a management or marketing class. In fact, the name of the course is a lie. It should be called “Industrial Organization”. A few general words about this course: -This is a difficult course. There is a lot of math involved, but memorization will not help you much. You’ll have to learn this material. Memorizing a formula isn’t useful if I mix things up a little bit. If you think through and understand the material, you won’t need to memorize, and you’ll be able to solve new problems. -I will tend not to spell everything out for you. Instead, I will try to make you figure out the answers. -The best way to learn economics is to do it. Do the problems I give out, the quiz problems, and the problems in your textbook. Practice makes perfect. -I will have handouts available in my public folder for most classes. You are required to have read the handout before class, and required to bring a copy to class. It is highly recommended that you read the assigned chapter as well.
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This syllabus was submitted to the Rhodes College Office of Academic Affairs by the course instructor.